News
ATLANTA FINALLY THAWING OUT
July 3, 2012
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| Atlanta's office market is finally, slowly, excruciatingly (and other adverbs) turning the corner, says Cushman & Wakefield's John O'Neill (also Atlanta's office market may finally be defrosting, to go with this pic we recently took of Atlanta on ice). ?Despite ongoing cautiousness in the business community, steady leasing activity and the lack of new construction should continue to drive down Atlanta's office vacancy rates,? John reports. During Q2, Atlanta posted 2.7M SF in leasing activity with such big deals as State Farm's 428k SF lease at 64 and 66 Perimeter Center East, Elavon's 113k SF lease at Two Concourse Parkway, and Oldcastle Material's 94k SF deal at 900 Ashwood Pkwy. The metro vacancy rate crawled down to 21.4% from 21.9% last year. |
